Chinese Shipbuilders Buoyed by High Overseas Demand
China News
May 2, 2024
China's shipbuilding industry is experiencing a surge in overseas demand, with ship exports jumping nearly 32% in the first quarter, amounting to over 1,300 vessels. The total export value has soared by more than 110%. A prominent shipyard in Shanghai, a global shipbuilding powerhouse, recently delivered a large container vessel to a Canadian client. With a production schedule packed for the next five years, Chinese shipbuilders are navigating a prosperous wave of international orders.